Jackson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity if 0.8 pound

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Jackson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity if 0.8 pound per glass as a cost of $0.30 per pound. The actual result for one month's production of 6,900 glasses was 1.1 pounds per glass, at a cost of $0.40 per pound.
REQUIREMENTS:
1) Calculate the direct materials cost variance.
2) Calculate the direct materials efficiency variance.
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Related Book For  book-img-for-question

Horngrens Accounting

ISBN: 978-0134674681

12th edition

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

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